A lender charges an additional fee of 1/8% per annum for processing loans to non-English speaking applicants since the lender must hire non-English speaking employees to communicate with these borrowers. This would be considered:

a. good business practice
b. an unethical business practice as defined in the UCC
c. legal in the lender must pay higher wages to accommodate the non-English speaking clients
d. a form of illegal discrimination

Answer: d. a form of illegal discrimination

Business

You might also like to view...

In which kind of trust can you place your assets while still alive?

A) A revocable living trust B) Sprinkling trust C) An irrevocable living trust D) None of the above E) Both A and C above

Business

An S corporation earns $6.00 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%

What is the total amount of taxes paid if the company pays a $2.00 dividend? A) $1.87 B) $2.81 C) $3.28 D) $2.34

Business